Tag: Brexit

Oil surges with support from OPEC cuts

Oil surges with support from OPEC cuts

The FTSE 100 took a turn for the worse at 6,809.72 as shares in UK energy giant Centrica plummeted 4.77pc, after Jefferies lower its stance on the British Gas owner, pointing to dividend risk. Brent crude climbed 2.42pc at $58.44, achieving its biggest week-on-week gain in two years, with support […]

China provides boost to the markets

China provides boost to the markets

The FTSE 100 surged 1.354pc to 6,783.30 following news from China that its manufacturing reading in the Caixin Survey was 1pc above its forecast, while the Chinese Government said it would assist the economy after broadly disappointing economic indicators were released. Mining giants led a strong FTSE 100, with Antofagasta […]

Miners weigh on FTSE 100

Miners weigh on FTSE 100

The FTSE 100 was down 0.813pc at 6,673.43 as investors remained focused on the wider global economy – specifically the slowdown in China and the continued uncertainty over the US Government budget. The heavily weighted mining giants weigh on the UK index with losses in excess of 4pc across the […]

No-deal Brexit “hugely damaging” for North Sea

No-deal Brexit “hugely damaging” for North Sea

Scotland’s energy minister Paul Wheelhouse has said a no-deal Brexit would be “hugely damaging” to the North Sea’s oil and gas industry. Speaking during a visit to Aberdeen, he added that forcing the UK to have to negotiate agreements with EU members through the World Trade Organisation (WTO) would be […]

Markets up as May vows to fight leadership challenge

Markets up as May vows to fight leadership challenge

The FTSE 100 rose 1.146pc at 6,884.93 as it looked increasingly likely that UK Prime Minister will survive a vote of no confidence after a wave of support from senior Tory MPs. UK energy giant Centrica was amongst the top performers on a strong FTSE 100, up 3.73pc. Brent crude […]

UK stocks drop at JP Morgan increase odds on no deal Brexit

UK stocks drop at JP Morgan increase odds on no deal Brexit

The FTSE 100 dropped below the 7,000 mark after it dropped 1.107pc to 6,945.02 as US investment bank JP Morgan increased its odds on a no deal Brexit to 40%. Heavy losses across the mining sector dragged the FTSE 100 lower with Anglo America, Antofagasta and BHP down 1.93pc, 1.94pc […]

Miners and oil stocks help FTSE 100 surge

Miners and oil stocks help FTSE 100 surge

The FTSE 100 surged 2.045pc at 7,123.03 after Washington and Beijing agreed a ceasefire in the trade conflicts that have weighed heavily on the markets. Miners and oil giants helped drive the surge of the FTSE 100, led by Anglo American and Antofagasta up 6.49pc and 7.60pc respectively, while BP […]

World stocks up on Federal Reserve comments

World stocks up on Federal Reserve comments

The FTSE 100 was up 0.651pc at 7,050.10 following an overnight rally on Wall Street after suggestions from the Federal Reserve that the US could be close to the end of its rate rising cycle, which drove global stocks to their highest levels in more than two weeks. International benchmark […]